Ownership Shares definition

Ownership Shares as defined in Section 1.5 of the Iatan Unit 1 Ownership Agreement.

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Ownership Shares means, beginning on the Ownership Date, the shares to be owned by the Companies as undivided interests as tenants in common in Weston 4, excluding any fee interest in the land appurtenant thereto, with undivided interests as follows: Wisconsin Public Service Corporation 70% Dairyland Power Cooperative 30% <PAGE> The Companies may change their respective Ownership Shares, or their respective New or Existing Common Ownership Shares, from time to time, but only as provided herein or otherwise upon their mutual written agreement and their receipt of any and all governmental and regulatory permits, licenses and approvals necessary to allow such a change. In the event of any such change in Ownership Shares, New Common Ownership Shares or Existing Common Ownership Shares, as the case may be, any and all rights and responsibilities of the Companies under this Agreement, the Joint Operating Manual, the Ground Lease, the EI Agreement and the Easement that are based upon Ownership Shares, New Common Ownership Shares or Existing Common Ownership Shares, as appropriate, shall, beginning effective on the effective date of the change, be changed in proportion to the change in Ownership Shares, New Common Ownership Shares or Existing Common Ownership Shares, as appropriate (but the Companies' respective rights and responsibilities for periods prior to the effective date of the change in Ownership Shares, New Common Ownership Shares or Existing Common Ownership Shares, as appropriate, shall not be affected).

Ownership Shares means the block of shares that ensures, whether directly or indirectly, its(their) shareholder(s) the individual and/or shared exercise of the Company’s Controlling Power.

Examples of Ownership Shares in a sentence

ARRs will automatically be assigned by ISO-NE within the SMD Settlement System to Provider because Provider will own all of the applicable Ownership Shares for the Load Assets associated with Standard Offer Service.
The vote of the representatives of Companies having Ownership Shares aggregating more than 50% shall be controlling on any question to be determined by the Construction Committee.
The vote of the representatives of Companies having Ownership Shares aggregating more than 50% shall be controlling on any question to be determined by the Operating Committee.
Within ten days thereafter, or from time to time as specified in such request, the Companies, pro rata according to their respective Ownership Shares, shall deposit the amount specified in such request.
Once Seller’s provision of Default Service terminates (effective as of the minute after the Conclusion Date or, if earlier, the termination date established in accordance with 7.2(a)), the Buyer will terminate Seller’s Ownership Shares of the aforementioned Load Assets The Buyer shall have the right to change the Load Asset designations from time to time, consistent with the definition and provision of Default Service.
If the term Capital Reserves is used without reference to any specific Property, then it shall be determined on an aggregate basis with respect to all manufactured home, marina and recreational vehicle sites then leased on an annual basis and the applicable Ownership Shares of all such manufactured home, marina and recreational vehicle of all Unconsolidated Affiliates.
On and after the Initial Closing and each Subsequent Closing Date, the Buyer shall pay such decontamination and decommissioning fund fees for the appropriate Ownership Shares acquired by the Buyer at each Closing, including but not limited to all annual special assessment invoices issued on and after the Initial Closing Date by the DOE, as contemplated by its regulations at 10 C.F.R. Part 766 implementing Sections 1801, 1802, and 1803 of the Atomic Energy Act.
Once Seller’s provision of Last Resort Service terminates (effective as of the minute after the Conclusion Date or, if earlier, the termination date established in accordance with 7.2(a)), the Buyer will terminate Seller’s Ownership Shares of the aforementioned Load Assets The Buyer shall have the right to change the Load Asset designations from time to time, consistent with the definition and provision of Last Resort Service.
Once Seller’s provision of Default Service terminates (at the end of a Delivery Term or otherwise), the Buyer and Seller will terminate Seller’s Ownership Shares of the aforementioned Load Assets.
ARRs will automatically be assigned by ISO-NE within the SMD Settlement System to Provider because Provider will have been designated by T&D to own all of the applicable Ownership Shares for the Load Assets associated with SOS.

More Definitions of Ownership Shares

Ownership Shares means, collectively, the Equity Shares, and the Preference Shares (including Series G Preference Shares);